Analysis of Global Events: Olympic Games and Business Perspectives

This report provides an executive summary and analysis of global events, focusing on the Olympic Games as a prime example. It explores the organization of such events at an international level, emphasizing the significant investment and impact on various sectors, including tourism and employme...Read More

Academic and
Professional Skills

Executive Summary
The Global event is described as an event which is organised for limited time period and
reach at global level. Event is organised at an international level need appropriate amount of
investment in the public that imposes direct impact on the population. Global event is determined
as a significant for country that assists in increasing the whole development of economy. In
addition to this, they appropriately provide their contribution towards tourism sector that
generate employment. There are various issues which are faced by the country which imposes
both favourable and adverse impact during particular phase of time period. In addition to this,
Olympics games is determined as important event which is conducted in various countries and
determined as global foremost competition related to sport in around 200 nations. Apart from
this, there are various perspectives such as environmental, social as well as international business
administration is also explained in references of appropriate organisation of specific events.

Table of Contents
Executive Summary.........................................................................................................................2
INTRODUCTION...........................................................................................................................4
Analysis............................................................................................................................................4
CONCLUSION................................................................................................................................7
Recommendations............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The Global event is described as event that is organised for limited time period and reach at
global level. Event is organised at an international level need appropriate amount of investment
in the public that imposes direct impact on the population. Global event is determined as a
significant for country that assists in increasing the whole development of economy. In addition
to this, they appropriately provide their contribution towards tourism sector that generate
employment. There are various issues which are faced by the country which imposes both
favourable and adverse impact during particular phase of time period. There are different issues
and problems arise related to tax rate, political situation country. There are various methods
which are adopted for increasing benefit and also it help in eliminating challenges related to
hosting Olympics. This assignment involves introduction with analysing three perspectives. It
includes an explanation regarding different impact related to hosting Olympics. Olympics are
determined as a well-known global event which attracts lot of participants from various countries
and is organised once in every four years. Event which is conducted at international level include
huge amount of investment and time for increasing profit in future period of time. Apart from
this, there are various adverse influences that occur due to lack of excitement from the public
side, political instability as well as poor situation of atmosphere and many more. Therefore, this
report provides discussion regarding recommendation which is connected to three perspectives
which have selected and assessed in the section of analysis during particular phase of time period
(Klegeris, Gustafsson and Hurren, 2018).
Analysis
Olympics games is determined is a leading Global event which attracts participants
related to sports around the globe and involve various summer and winter competition In
addition to this, the Global games conducted in every year and the primary purpose of this game
involving cultivating human being and provide contribution in respect of sports. The primary
purpose of this assignment is to assess different barriers which are confronted while organising
international or global event during particular phase of time period. There are three kinds of
perspective involving social perspective, business administration perspective as well as
environmental perspective and many more. It has been identified that while bidding, there are

various factor or element which can determined as a barrier such as lack of support from citizen
side of country. Hence, there are various perspectives which is going to be mentioned below:
Environmental perspective the country focuses on bidding for Olympics games is
determined as a goal or objective of increasing whole economy. There are various services which
offer probability of increasing development related to sport (Walther, Miller and Sochacka,
2017). When an international event such as Olympic game is organised, it is significant to
possess appropriate planning during particular phase of time period. Therefore, the lack of
appropriate planning can generate different kind of barriers for nations. Most of the individual
person from various countries participates in different activities that are determined as a part of
games. The different environmental resources is utilised in appropriate way for make sure that
the level of influence on environment is minimised to maximum. The cost and price of
maintenance must be justified and activity related to event must be planned accordingly. And
increase in the level of tourism of nation can impose a direct impact on environment or
atmosphere in adverse manner For instance, there are various environmental impacts that involve
change in weather condition, increase or enhance in carbon footprint and many more. The
Olympic Games are organised during winter and summer season. Therefore, the planning which
is made for winter Olympics is determined as a lot of planning. The size of country which is
hosting event can impose a direct influence on reward which is provided to participant. This
small country has focuses on restricted area to organise different activity during particular phase
of time period. It helps in increasing the investment level for developed countries as compared to
developing nations. There are various environmental perspective involve increase in rate of
pollution of nation. But there are various advantages such as implementation of innovative
technology for conducting different task in proper way (Wu and Li, 2018).
International business management local business and residence don't take advantages
from event. If the resident who is located in local country decides to participate in Olympic
Games then there is a huge amount of investment required for entertainment during particular
phase of time period. For large company, discounts are offered with access of services to its
participants of game as compared to its small organisation. Therefore, during event, there are
different kind of job opportunities which is provided to its participant in order to fill available
vacancy during particular phase of time period for which it is necessary to gather finance that are
usually spend on different kind of activities related to event. All these processes help in make

sure that global event is organised successfully and it helps in enhancing the whole economic
development of country (Messenger and Bloisi, 2020).
Social perspective can provide their contribution in respect of success and growth of
events. There are different kinds of aspects that can be determined while organising global event
named as Olympic Games. The bidding country increase their understanding level that help in
organising event in successful manner. The bidding is determined as an important in
manipulating or influencing public to participate in event. If the public of country believes to
support their event, the whole benefits can be increased while the Government of country
focuses on hosting event. The country focuses on increasing facility related to sports for hosting
event. Therefore, Olympic Games is determined as a great deal for nation and they also provide a
different kind of sports services, entertainment games for local resident during the period of time
(Bonesso, Bruni and Gerli, 2020). Apart from this, it is necessary to analyse, the participant is
capable to execute their performance in an appropriate manner and that influence society and
overall world during a particular phase of time period. There are various intangible benefits for
country hosting International events like Olympic Games. These can involve in enhancing
entertainment level of individual person with increase in moral of participants. It has been
analysed that whole procedure for host country is very important in contributing towards whole
motivation level of participation. There are various nations in which it is necessary to provide a
brief plan that signifies vision, background, finance, venues, promotion, security as well as other
aspects. It is used in maintaining a proposal that is not considered as an attractive but it also
provides a contribution in winning bid in an appropriate manner (Bäckström and Gustafsson,
2017).

CONCLUSION
On the given information, it has been analysed that Global event is conducted at
international level. There are various occasion named as Olympic games, it is determined as a
global events of sport that attract a large number of international people of all social position,
race, age and many more. Therefore, in order to conduct Olympic into specific country then their
national authority provide bidding for this. It has been analysed that there are different kind of
perspective which are determined as economic, social and international business administration
which imposes direct impact on occasion during particular phase of period.
Ecological influence, due to change in the environment, carbon footprint as well as many
more which impose direct impact on occasion named as Olympics. In winter season, there are
various activities such as Ski Jumps as well as bobsled tracks impose direct impact on nation.
Therefore, for conducting Olympics, it is necessary to fulfil or maintain the expenses which are
charge in holding event in an appropriate manner. The size of country have imposes direct
impact on providing award to winter sports. In assistance of this, the building as well as hosting
country increases their knowledge regarding appropriateness of social support that help in using
media and take public suggestion during particular period of time. And the government increases
their involvement in bidding in order to conduct Olympics. Therefore, the excitement of
individual person increases profitability level of country in future period of time. It has been
analysed or determined as an optimistic and imposes direct influence on the Olympic village as
well as infrastructure project and that increase standard of living of individual person of nation.
In addition to both perspectives, there are various factors which impose direct impact on country
named as International Business Administration. It has been analysed that the nations are
increasing their experience level related to equal fiscal improvement, the incentive is related to
less tangible as well as more related to status. Therefore, the local as well Federal government
increase their attraction towards enhancement in finance and hosting Olympic game in an
appropriate manner. They also provide advantage that is linked to expanding their business in
tourism sector and international promotion is organised for specific sports
Recommendations
As per preceding explained assessment, it is assess that the higher authority of particular
nation is bidding in order to conduct Olympics into nation. In context of this, it has been

identified that there are various positive and negative impact on organising such kind of
occasion. These suggestion or explanation helps in improving advantages and also removing
issues of conducting specific event in particular area. Therefore, there are different
recommendations that are going to be mentioned below:
In context of social perspective it has been analysed that host country focuses on
improving their policy that provide support to this type of occasion related to bidding activity
such as Global Olympic Committee which is established their agenda in 2020 and show process
of bidding appeal. When a nation provides their entrance into bid to host or organised Olympic
Games so that the vision is to provide innovative sporting facilities as well as other project that
help in increasing job opportunity to individual person of nation and also increases growth in
future period of time.
In context of environmental perspective it has been analysed that the host country focuses
on increasing their knowledge regarding various site related to environmental condition like
climate and so on. In addition to this, they increase their concentration on implementing
appropriate planning that decreases the cost of expenses and improvement or enhancement in
infrastructure.
In context of International Business Administration it has been assess that the host
country focuses on implementing global level endorsement as well as publicity so that it attracts
large number of individual person to attend these kind of occasion. It is advantageous or
beneficial in improving tourism as well as hospitality organisation that is helpful in fiscal
improvement as there is a more chances of having more for conducting different activities in
proper way.

REFERENCES
Books & Journals
Klegeris, A., Gustafsson, E. and Hurren, H., 2018. Comparison of student marks obtained by an
assessment panel reveals generic problem-solving skills and academic ability as distinct skill
sets. Compare: A Journal of Comparative and International Education, 48(5), pp.674-685.
Messenger, H. and Bloisi, W., 2020. Experience, skill and competence: boundary spanning
capabilities for leadership and management of transnational education. In Leadership Strategies
for Promoting Social Responsibility in Higher Education. Emerald Publishing Limited.
Walther, J., Miller, S.E. and Sochacka, N.W., 2017. A model of empathy in engineering as a core
skill, practice orientation, and professional way of being. Journal of Engineering
Education, 106(1), pp.123-148.
Bonesso, S., Bruni, E. and Gerli, F., 2020. How Big Data Creates New Job Opportunities: Skill
Profiles of Emerging Professional Roles. In Behavioral Competencies of Digital
Professionals (pp. 21-39). Palgrave Pivot, Cham.
Bäckström, S. and Gustafsson, M., 2017. Skill, drill, and intelligent performance: Ryle and
intellectualism.
Wu, B. and Li, Y., 2018, October. Design of evaluation system for digital education operational
skill competition based on blockchain. In 2018 IEEE 15th International Conference on e-
Business Engineering (ICEBE) (pp. 102-109). IEEE.